Optimum Small-mid Correlations

OCSVX Fund

USD 10.62 0.15 1.43%

The current 90-days correlation between Optimum Small Mid and Dws Global Macro is -0.06 (i.e., Good diversification). The correlation of Optimum Small-mid is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Optimum Small-mid Correlation With Market

Very weak diversification

The correlation between Optimum Small Mid Cap and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Optimum Small Mid Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Optimum Small Mid Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

Moving together with Optimum Mutual Fund

0.91	VSIIX	Vanguard Small Cap	Pair Corr
0.82	VISVX	Vanguard Small Cap	Pair Corr
0.81	DFSVX	Us Small Cap	Pair Corr
0.83	DFFVX	Us Targeted Value	Pair Corr
0.97	UBVCX	Undiscovered Managers	Pair Corr
0.97	UBVAX	Undiscovered Managers	Pair Corr
0.97	UBVSX	Undiscovered Managers	Pair Corr
0.85	VSMCX	Invesco Small Cap	Pair Corr
0.64	SMPSX	Semiconductor Ultrasector	Pair Corr
0.84	RSNRX	Victory Global Natural	Pair Corr
0.84	RSNYX	Victory Global Natural	Pair Corr
0.84	RGNCX	Victory Global Natural	Pair Corr
0.64	FSELX	Fidelity Select Semi	Pair Corr
0.67	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.71	AA	Alcoa Corp	Pair Corr

Moving against Optimum Mutual Fund

0.38	HPQ	HP Inc	Pair Corr
0.36	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	DBIWX	RGHYX	TBCUX	DODWX	GLOIX	BXFIX
DBIWX		0.83	0.76	0.74	0.84	0.3	DBIWX
RGHYX	0.83		0.85	0.88	0.8	0.48	RGHYX
TBCUX	0.76	0.85		0.91	0.83	0.36	TBCUX
DODWX	0.74	0.88	0.91		0.82	0.33	DODWX
GLOIX	0.84	0.8	0.83	0.82		0.1	GLOIX
BXFIX	0.3	0.48	0.36	0.33	0.1		BXFIX
	DBIWX	RGHYX	TBCUX	DODWX	GLOIX	BXFIX

Risk-Adjusted Indicators

There is a big difference between Optimum Mutual Fund performing well and Optimum Small-mid Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Optimum Small-mid's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DBIWX	0.31	0.02	(0.12)	0.22	0.26	(0.38)	0.71	(0.62)	1.61
RGHYX	0.12	0.01	(0.25)	0.14	0.06	(0.16)	0.20	(0.30)	1.11
TBCUX	0.59	0.09	0.11	0.19	0.47	(0.71)	1.08	(1.06)	7.68
DODWX	0.67	0.12	0.13	0.22	0.53	(0.79)	1.19	(0.91)	8.36
GLOIX	0.73	0.01	(0.01)	0.08	0.79	(0.80)	1.69	(1.46)	4.21
BXFIX	0.05	0.00	(0.43)	0.31	0.03	(0.21)	0.12	(0.12)	0.71

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